City level house prices at highest quarterly growth for 12 years
City level house price inflation accelerates as investors rush to beat stamp duty deadline
The March 2016 Hometrack UK Cities House Price Index is out now.
City level house price inflation over the first three months of 2016 reached 4.2%, the highest rate of quarterly growth for 12 years as the normal seasonal increase in demand was boosted by demand from investors ahead of changes to stamp duty. The year on growth for the 20 city house price index is running at 10.8%, ahead of 8.7% across the UK.